CitiMortgage Top HAMP Producer in September

November 3 2010 (Shirley Allen)
Citibank picture
CitiMortgage was the top producer in the Obama Administration’s Home Affordable Modification Program (HAMP) for the month of September. Since the Home Affordable Modification Program was initiated, CitiMortgage Inc. has completed 49,538 permanent modifications.

Overall for the month, the number of modifications completed under the Home Affordable Modification Program continued to diminish.

Data released by the U.S. Department of the Treasury indicates that just 17,771 HAMP modifications were completed during September — the fewest during any month since October 2009, when none had yet been completed.

During just September, the number of CitiMortgage’s active permanent HAMP modifications was 2,302.

Here is a list of the top 15 metropolitan area’s receiving mortgage modifications (thru September 2010):

Metropolitan Statistical Area Active
Trials
Permanent
Modifications
Total HAMP
Activity
% of All HAMP
Activity
Los Angeles-Long Beach-Santa Ana, CA 11,658 30,703 42,361 6.6%
New York-Northern New Jersey-Long Island, NY-NJ-PA 11,090 27,627 38,717 6.0%
Riverside-San Bernardino-Ontario, CA 8,542 25,012 33,554 5.2%
Chicago-Joliet-Naperville, IL-IN-WI 8,636 24,244 32,880 5.1%
Miami-Fort Lauderdale-Pompano Beach, FL 8,433 21,291 29,724 4.6%
Phoenix-Mesa-Glendale, AZ 6,470 19,852 26,322 4.1%
Washington-Arlington-Alexandria,DC-VA-MD-WV 5,849 16,507 22,356 3.5%
Atlanta-Sandy Springs-Marietta, GA 5,033 13,755 18,788 2.9%
Las Vegas-Paradise, NV 4,083 10,109 14,192 2.2%
Detroit-Warren-Livonia, MI 3,452 9,581 13,033 2.0%
Orlando-Kissimmee-Sanford, FL 3,353 9,179 12,532 2.0%
Boston-Cambridge-Quincy,MA-NH 2,926 8,433 11,359 1.8%
San Francisco-Oakland-Fremont,CA 3,317 7,711 11,028 1.7%
Sacramento-Arden-Arcade-Roseville,CA 2,732 7,982 10,714 1.7%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2,869 7,626 10,495 1.6%

Tags: HAMP, loan modification, mortgage modification, modifications